Subtantive preparation for the second United Nations conference on least developed countries : Draft programme of action for the LDCs in the 1990s

Abstract

The main objective of the Substantial programme of Action of introducing necessary structural changes in the LDCs during the 1980s has not been achieved. The economic and social crisis facing the African region in the 1980s, and particularly the LDCs, warranted the adoption of short term stabilization measures and adjustment programme to redress chronic internal and external imbalances. This shift in policy direction relegated transformational investment in basic Economic infrastructure thereby postponing the fundamental restructuring of the LDCs economies. Adjustment programmes in the 1980s failed to bring about the necessary recovery and transformation of the adjusting LDCs economies in Africa.